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U.S. Electrical Industry Analysis

UpdatedJun 30, 2026
DataAggregated Company Financials
Companies133
  • 7D-6.8%
  • 3M25.2%
  • 1Y67.0%
  • YTD41.8%

Over the last 7 days, the Electrical industry has dropped 6.8%, driven by declines in Bloom Energy and Vertiv Holdings Co of 20% and 14%, respectively. In contrast, Acuity has gained 14%. Over the past 12 months, the industry was up 67%. As for the next few years, earnings are expected to grow by 18% per annum.

Industry Valuation and Performance

Has the U.S. Electrical Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 01 Jul 2026US$1.0tUS$171.9bUS$20.1b39.6x51.2x6x
Fri, 29 May 2026US$1.1tUS$172.3bUS$19.9b39.1x52.7x6.1x
Sun, 26 Apr 2026US$1.0tUS$169.5bUS$19.6b33.8x53.4x6.2x
Tue, 24 Mar 2026US$830.5bUS$167.2bUS$15.0b31.4x55.5x5x
Thu, 19 Feb 2026US$865.9bUS$166.6bUS$11.2b35.2x77.3x5.2x
Sat, 17 Jan 2026US$736.2bUS$162.0bUS$7.4b33.1x98.9x4.5x
Mon, 15 Dec 2025US$706.9bUS$161.8bUS$7.4b31.6x95.3x4.4x
Wed, 12 Nov 2025US$723.0bUS$161.9bUS$7.9b29.5x91x4.5x
Fri, 10 Oct 2025US$702.1bUS$157.3bUS$7.3b28.7x95.9x4.5x
Sun, 07 Sep 2025US$646.6bUS$157.1bUS$7.4b30.1x87.5x4.1x
Tue, 05 Aug 2025US$679.0bUS$155.7bUS$7.1b28.6x96.3x4.4x
Thu, 03 Jul 2025US$602.1bUS$153.6bUS$7.4b27.8x81.2x3.9x
Sat, 31 May 2025US$551.4bUS$153.4bUS$7.4b26x74.9x3.6x
Mon, 28 Apr 2025US$467.5bUS$152.8bUS$7.1b22.7x65.5x3.1x
Wed, 26 Mar 2025US$488.7bUS$151.5bUS$6.4b24.4x76.1x3.2x
Fri, 21 Feb 2025US$530.2bUS$151.4bUS$9.9b25.5x53.8x3.5x
Sun, 19 Jan 2025US$566.6bUS$151.1bUS$9.2b23.5x61.5x3.7x
Tue, 17 Dec 2024US$555.2bUS$151.1bUS$9.3b23.6x59.9x3.7x
Thu, 14 Nov 2024US$559.5bUS$152.3bUS$9.0b25x62.5x3.7x
Sat, 12 Oct 2024US$498.5bUS$151.2bUS$7.4b19.8x67x3.3x
Mon, 09 Sep 2024US$421.0bUS$151.3bUS$7.3b17.3x57.4x2.8x
Wed, 07 Aug 2024US$412.9bUS$151.7bUS$7.4b16.7x56.2x2.7x
Fri, 05 Jul 2024US$468.4bUS$157.0bUS$5.8b19.4x80.2x3x
Sun, 02 Jun 2024US$495.6bUS$159.6bUS$6.2b21x80.1x3.1x
Tue, 30 Apr 2024US$473.8bUS$159.6bUS$7.6b21.1x62.7x3x
Thu, 28 Mar 2024US$452.2bUS$126.0bUS$7.9b22x57.2x3.6x
Sat, 24 Feb 2024US$416.2bUS$127.9bUS$9.4b19.4x44.4x3.3x
Mon, 22 Jan 2024US$394.1bUS$139.2bUS$7.9b18.9x49.6x2.8x
Wed, 20 Dec 2023US$402.4bUS$139.3bUS$7.9b20.9x50.7x2.9x
Fri, 17 Nov 2023US$364.3bUS$139.2bUS$8.0b19x45.6x2.6x
Sun, 15 Oct 2023US$368.2bUS$144.1bUS$11.5b18.2x32.1x2.6x
Tue, 12 Sep 2023US$401.1bUS$144.2bUS$11.6b21x34.6x2.8x
Thu, 10 Aug 2023US$399.3bUS$144.2bUS$12.2b22.8x32.6x2.8x
Sat, 08 Jul 2023US$355.6bUS$130.9bUS$7.8b25.3x45.6x2.7x
Price to Earnings Ratio

45.6x


Total Market Cap: US$355.6bTotal Earnings: US$7.8bTotal Revenue: US$130.9bTotal Market Cap vs Earnings and Revenue0%0%0%
U.S. Electrical Industry Price to Earnings3Y Average 64.4x202420252026
Current Industry PE
  • Investors are pessimistic on the American Electrical industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 51.2x which is lower than its 3-year average PE of 64.4x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 6.0x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 37% per year over the last three years.
  • Revenues for these companies have grown 9.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the U.S. Industrials industry?

US Market0.31%
Industrials-0.68%
Electrical-6.82%
Electrical Components-6.81%
Heavy Electrical Equipment-6.84%
Industry PE
  • Investors are most optimistic about the Electrical Components industry, which is trading close to its 3-year average PE ratio of 55.2x.
    • Analysts expect its future annual earnings growth (19.1%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, which is trading below its 3-year average of 79.6x.
Forecasted Growth
  • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 17% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
GEV GE VernovaUS$1.17k13.5%
+US$37.6b		132.2%PE33.7x
ETN EatonUS$426.125.1%
+US$8.1b		20.0%PE41.5x
VRT Vertiv Holdings CoUS$334.825.2%
+US$6.3b		173.2%PE82.5x
ROK Rockwell AutomationUS$495.088.5%
+US$4.3b		46.2%PE50.7x
AYI AcuityUS$376.6626.1%
+US$2.2b		22.9%PE23.7x

Latest News

BE
US$275.01
Bloom Energy
7D
-20.5%
1Y
1,049.7%
VRT
US$306.97
Vertiv Holdings Co
7D
-14.2%
1Y
139.1%
Seeking Alpha • 21h

Vertiv: Selling The Bottleneck, Billing At The Pace Of The Build

Summary Vertiv Holdings strengthens its thermal solutions moat with the ThermoKey acquisition, completing its end-to-end data center cooling portfolio. VRT's integrated approach enables hyperscalers to minimize execution risk and pay a premium for a single-vendor thermal loop, supporting robust backlog and margins. Key risks include potential delays in data center deployments due to grid and water constraints, with revenue recognition tied to actual deployments, not orders. At 35x EBITDA, VRT is a Hold; I await EMEA recovery and margin confirmation in Q2 results before considering a more bullish stance. Read the full article on Seeking Alpha
FPS
US$54.99
Forgent Power Solutions
7D
-11.1%
1Y
n/a
VICR
US$366.79
Vicor
7D
0.3%
1Y
708.6%
AYI
US$367.62
Acuity
7D
14.3%
1Y
23.2%
Analysis Article • Jun 29

Acuity Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Shareholders of Acuity Inc. ( NYSE:AYI ) will be pleased this week, given that the stock price is up 13% to US$362...
NXT
US$110.66
Nextpower
7D
-14.3%
1Y
103.5%
PLPC
US$404.71
Preformed Line Products
7D
0.9%
1Y
153.2%
ALNT
US$99.79
Allient
7D
1.0%
1Y
174.8%
GEV
US$1,102.51
GE Vernova
7D
-2.2%
1Y
108.4%
Seeking Alpha • Jun 29

GE Vernova: A Significant Upside, No Room For Mistake

Summary GE Vernova Inc. is positioned at the tightest bottleneck in the AI-driven power infrastructure cycle, with unmatched exposure to gas turbines and transformers. GEV's Q1 2026 results highlight surging demand: 71% YoY order growth, a record $163 billion backlog, and strong pricing power with hardware capacity reserved through 2030. Recent Prolec GE acquisition and electrification orders ($7.1B in Q1 2026) reinforce GEV's strategic grid position and long-term growth visibility. I reiterate a Buy rating with a $1,338 price target (~28% upside), but caution that GEV is priced for perfection, leaving little room for execution missteps. Read the full article on Seeking Alpha
FCEL
US$29.80
FuelCell Energy
7D
36.6%
1Y
470.9%
Narrative Update • Jun 29

FCEL: Data Center Execution And Pipeline Conversion Risks Will Constrain Future Upside

Analysts have lifted FuelCell Energy's fair value estimate from $6.00 to $8.00 after a series of higher price targets, citing the large Fit Energy data center agreement, the growing data center focused pipeline, and expanded production plans supported by significant planned investment. Analyst Commentary Street research on FuelCell Energy has turned more active following the Fit Energy data center agreement, with several firms adjusting ratings and price targets as they reassess the stock's risk and opportunity profile.
ETN
US$408.26
Eaton
7D
-6.3%
1Y
14.4%
Narrative Update • Jun 26

ETN: AI Data Center Story Will Face Mobility Deal Execution Risks

Analysts have lifted their blended price target for Eaton to about $346 from roughly $329, reflecting updated views on its earnings power, margin profile and valuation multiples following a series of recent research revisions. Analyst Commentary Recent research updates on Eaton highlight a mix of optimism on the earnings and margin story alongside a more restrained tone from some corners of the Street.
NVT
US$163.35
nVent Electric
7D
-11.4%
1Y
123.0%
LYTS
US$26.55
LSI Industries
7D
3.9%
1Y
54.0%
Narrative Update • Jun 24

LYTS: Refrigeration Partnership Will Support Future Share Price Upside

Analysts have kept their price target for LSI Industries steady at $30.00, with only minor model adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions supporting this unchanged view. What's in the News LSI Industries entered a partnership with Carter Thermal Industries Group that makes LSI Industries the exclusive partner across the United States and Canada for Carter Thermal Industries Group's advanced refrigerated display and store solutions, effective May 28, 2026.
ROK
US$482.33
Rockwell Automation
7D
0.9%
1Y
45.2%
EMR
US$142.82
Emerson Electric
7D
-4.9%
1Y
7.1%
Narrative Update • Jun 22

EMR: Long Term Energy Projects And Industrial AI Partnerships Will Shape Returns

Emerson Electric's analyst price target has been nudged slightly lower by less than $1 as analysts balance mixed ratings and revised targets, while also noting that the company has exposure to long-term demand trends and limited software risk from AI. Analyst Commentary Recent research on Emerson Electric highlights a mix of enthusiasm about its exposure to long-term demand trends and caution around execution risks and valuation, which helps explain the small adjustment in the overall analyst price target picture.
ADSE
US$12.00
ADS-TEC Energy
7D
7.5%
1Y
-4.1%